Tractor Junction wins RBI approval for Dhanrise Finance, targets rural vehicle lending from October 2026
Tractor Junction will launch its NBFC arm, Dhanrise Finance, in Rajasthan and Madhya Pradesh, starting with used-tractor and rural-vehicle loans. The company targets Rs 100 crore in disbursals in its first 24 months, using its 100-city retail network and 30,000-plus channel partners.
Tractor Junction received RBI approval for Dhanrise Finance, an NBFC that will begin used-tractor and rural-vehicle lending in October 2026. The unit targets a major rural credit gap, using AI-led assessments and Tractor Junction’s retail and channel-partner network.
Why this matters
The RBI nod follows recent signals on Dhanrise’s licence and used-tractor lending plans, while Tractor Junction reported FY26 revenue up 62% to ₹198 crore and set a ₹400 crore target.
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